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In SNIO at .10 on news:

Senticore Board Approves Acquisition of Westar South America S.A.

2004-02-17 10:39 ET - News Release

HOLLYWOOD, FL -- (MARKET WIRE) -- 02/17/04

Senticore, Inc. (OTC BB: SNIO), a real estate holding company, announced today that its Board of Directors authorized the acquisition of "Westar South America S.A." of Venezuela. The transaction will be an acquisition of all of the issued and outstanding stock of Westar South America S.A. in a transaction intended to qualify as a tax free exchange pursuant to Section 368(a)(1)(B) of the internal revenue code. Westar South America SA will become a wholly owned subsidiary of Senticore, Inc.

According to Company President Carl Gessner, "This is a strategic acquisition for Senticore as Westar will complement operations of Senticore merger partner Smith Forestal of Costa Rica. Through this purchase, Senticore will be very well positioned in the timber industry. A combination of timber and sawmills now allows the company to offer a full range of export timber products to the marketplace."

Senticore, Inc. was restructured as a holding company in 2003 to effect the acquisition of businesses and their underlying real estate properties. Today, the company's specific concentration is in the following industries: timber plantations, land development, gas stations / convenient stores, and hotel/motels. In 2003, Senticore entered into a merger agreement with Smith Forestal, a Costa Rican timber company which controls 60,000 acres of Melina hardwood plantations near Golfito.

Westar South America S.A., established in 1994, is a prominent name in the timber industry. The company's assets include 23,200 acres of Pino Caribe timber plantations, two large sawmills, equipment and inventory. Westar was recently awarded the right to harvest timber on an additional 10,000 acres of land from a government plantation in Venezuela. Westar products include furniture, doors, moldings, metric sawn export timber, export logs, decking and industrial materials.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Senticore, Inc.
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Worldwide Financial Marketing
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